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Bengaluru fintech startup Findeed provides low to mid-income Indian families access to formal credit with simple and fair collateral-free loans.
Findeed was launched to enable financial access to millions of working-class Indians by leveraging the power of data and technology. They aim to empower the working-class Indian with access to financial services beginning with formal credit. The startup — which uses data and technology to harness the power of social collaboration/cooperation and a strong sense of community bonding — partners with employers, NGOs, and financial institutions to offer simple and fair collateral-free loans to underserved customers to meet their financial needs. Findeed’s social graph captures the strength of connections and builds a customer network that can be used throughout a customer’s lifecycle management — from credit assessment, collections to unlocking benefits for the group. At present, Findeed is operational in Karnataka. It has already onboarded close to 200 employer partners, including Swastik Technologies Bangalore, Hermes Laboratories, P N Rao Suits etc.
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